Masterclass Epsiode 9

Labor Standards

This masterclass has ended!

Employee Awareness

  • Wages: Minimum wage, overtime pay, equal pay for equal work.
  • Working Hours: Maximum work hours, rest periods, and overtime regulations.
  • Benefits: Social security, health insurance, maternity leave, and other statutory benefits.
  • Occupational Safety and Health: Safe working conditions, hazard prevention, and workersโ€™ compensation.
  • Termination of Employment: Notice periods, severance pay, and unfair dismissal protections.


Importance of Labor Standards

  • Protecting Worker Rights: Ensures fair treatment and prevents exploitation.   
  • Promoting Social Justice: Creates a level playing field for workers.   
  • Enhancing Productivity: Contributes to a motivated and satisfied workforce.
  • Economic Stability: Prevents labor unrest and promotes industrial peace.

Challenges in Labor Standards Enforcement

  • Informal Economy: Difficulty in regulating workers in the informal sector.
  • Global Supply Chains: Ensuring compliance in complex supply chains.
  • Economic Pressures: Balancing labor standards with economic growth.

Labor Standards and Global Trade

International labor standards play a crucial role in global trade. Organizations like the International Labour Organization (ILO) set global labor standards to promote fair competition.